RINO (RINO International) Days Payable: 21.28 (As of Sep. 2010)


What is RINO International Days Payable?

RINO International RINO Days Payable is 21.28 as of Sep. 2010.

RINO International's average Accounts Payable for the three months ended in Sep. 2010 was $8.5 Mil. RINO International's Cost of Goods Sold for the three months ended in Sep. 2010 was $36.4 Mil. Hence, RINO International's Days Payable for the three months ended in Sep. 2010 was 21.28.

The historical rank and industry rank for RINO International's Days Payable or its related term are showing as below:

RINO's Days Payable is not ranked *
in the Diversified Financial Services industry.
Industry Median: 71.76
* Ranked among companies with meaningful Days Payable only.

RINO International's Days Payable increased from Sep. 2009 (12.84) to Sep. 2010 (21.28). It may suggest that RINO International delayed paying its suppliers.

RINO International Days Payable Historical Data

* Premium members only.

The historical data trend for RINO International's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RINO International Days Payable Chart

RINO International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09
Days Payable
0.00 263.46 35.44 17.93 15.32

RINO International Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.84 12.04 22.22 19.52 21.28

RINO vs THTI, CHGI: Days Payable Comparison

For the Shell Companies subindustry, RINO International's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RINO International Days Payable vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, RINO International's Days Payable distribution charts can be found below:

* The bar in red indicates where RINO International's Days Payable falls into.


RINO International Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

RINO International's Days Payable for the fiscal year that ended in Dec. 2009 is calculated as

Days Payable (A: Dec. 2009 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2008 ) + Accounts Payable (A: Dec. 2009 )) / count ) / Cost of Goods Sold (A: Dec. 2009 )*Days in Period
=( (5.817 + 4.281) / 2 ) / 120.33*365
=5.049 / 120.33*365
=15.32

RINO International's Days Payable for the quarter that ended in Sep. 2010 is calculated as:

Days Payable (Q: Sep. 2010 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2010 ) + Accounts Payable (Q: Sep. 2010 )) / count ) / Cost of Goods Sold (Q: Sep. 2010 )*Days in Period
=( (7.202 + 9.796) / 2 ) / 36.442*365 / 4
=8.499 / 36.442*365 / 4
=21.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 21.28 mean?
RINO International (RINO) has a Days Payable of 21.28 as of Sep. 2010. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on RINO International and its competitors.
Is RINO International's Days Payable too high?
RINO International's current Days Payable is 21.28. The Diversified Financial Services industry median Days Payable is 71.76. RINO International's value of 21.28 is 70.3% below this industry median.
How does RINO International's Days Payable compare to THTI and CHGI?
RINO International's Days Payable of 21.28 can be compared against companies in the Diversified Financial Services industry. The industry median Days Payable is 71.76. RINO International's value of 21.28 is 70.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Diversified Financial Services company?
The median Days Payable among Diversified Financial Services companies is 71.76, based on 82 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RINO International's current Days Payable of 21.28 is 70.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on RINO International and its competitors. For the Diversified Financial Services industry, the median Days Payable is 71.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RINO International's current Days Payable is 21.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RINO International stock overvalued right now?
RINO International (RINO) has a current Days Payable of 21.28. The current Days Payable is 21.28 and 70.3% below the Diversified Financial Services industry median of 71.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For RINO International (RINO), the current Days Payable is 21.28 as of Sep. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

RINO International Business Description

Address 26 Rio Grande Street, Suite 2702, Salt Lake City, UT, USA, 84101
RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.